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Weiwave

LTC- Litecoin Entered Short Reading the chart this is the story: 1. We had Significant Fib location where we found sellers visible at the top- the reaction after the up wave a large down wave. 2. Placed AVWAP at the beginning of the up-wave and waited for the price to cross downwards and the pull back so that AVWAP will act as resistance. 3. Pull Back to AVWAP came after some time 4. Price never breaks AVWAP upwards and it has hard time to move up - Abnormal SI of 4.9 5. Finally waited for a Plutus short signal and in this case it was a PRS. Stop above AVWAP center line target at least 1:1.5 Enjoy!
Short
by TradeTheVolumeWaves
AUDUSD - Wyckoff Up-Thrust on Fib 78.6 - Speed Index readingThis is how you can use Speed Index and Plutus signal to confirm a Wyckoff Up-Thrust The methodology: 1. Location: if 61.8 Fib does not provide resistance 78.6 is stronger 2. It all started with a Fast Up wave (FU) with Speed Index 0.5F (fake move) 3. The down wave followed with an Abnormal Speed Index of 2.0S (first Push Down) which means that we could have sellers coming in. 4. On next up wave look at bottom indicator PVR where as price increases volume increases = more sellers coming at the top (SI:1.8) 5. Finally Plutus shows the entry with a WU signal (Wyckoff Up-Thrust) Enjoy
Short
by TradeTheVolumeWaves